Sell GBP/USD. Oct 29, 2008. 15:10 GMT
forexbandade:
Prepare to sell GBP/USD NOW!!! Wait until the candlestick forms a doji (if not, we suggest not to place any position), the price will be at the peak to nose dive. Will be around two hours from now.
Prepare to sell GBP/USD NOW!!! Wait until the candlestick forms a doji (if not, we suggest not to place any position), the price will be at the peak to nose dive. Will be around two hours from now.
GBP/USD made a peak at 1.6008 and closed at the same price.
This should also be seen as an upward corrective movement.
The nearest resistance is 1.6310, followed by 1.6405.
CCI is in the direction to cross the 100 hour line on the daily chart, assuming potential upwards pressure.
Resistances: 1.6310; 1.6405; 1.6500
Supports: 1.5515; 1.5410; 1.5320
Files:
GBPUSD.jpg
246 kb
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Prepare to sell GBP/USD NOW!!! Wait until the candlestick forms a doji (if not, we suggest not to place any position), the price will be at the peak to nose dive. Will be around two hours from now.